The global next generation implants market is expected to grow at a significant CAGR during the forecast period (2021-2027). Medical implants are devices that are inserted or grafted into the body of a patient to serve as a part or entire organ. According to the US Food and Drug Administration (US FDA), an implant is a device or tissue that can be placed on the surface or inside the body. These devices support existing organs, replace them, or replace missing portions. Some implants are permanent and remain in the patient’s body for the rest of their lives, while some are temporary. Pacemakers, stents, and cardiac valves are instances of permanent implantation. When temporary implants, such as screws, are no longer needed, they are removed. Joint replacement implants and cardiac valves provide functional and structural support, while others, such as implantable defibrillators and pacemakers can save lives. These types of implants are also being used by the younger generation as a result of lifestyle changes.
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Increased physical inactivity, obesity, and fast-food intake are all factors that contribute to the development of such disorders, which is resulting in an increased demand for implant devices. Due to factors such as aging population and an increase in the prevalence of age-related degenerative disorders, the global next generation implants market is expected to grow significantly during the forecast period. According to the World Health Organization (WHO), by 2030, the number of persons aged 60 and up will reach 1.4 billion. Owing to the rising elderly population and improved life expectancy, the number of age-related diseases has also increased, which leads to increasing demand for next generation implants, such as orthopedic implants and dental implants. The market is also driven by technology breakthroughs, recent trends, and regulatory aspects of the market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
o By Material
- Competitive Landscape: Smith & Nephew plc, Abbott Laboratories, Boston Scientific Corp., Medtronic plc, and Johnson & Johnson among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Next Generation Implants Market – Segmentation
By Material
- Metal and Metal Alloys
- Ceramics
- Polymers
- Biologics
- Others
By End-User
- Orthopedic
- Dental
- Cardiovascular
- Ocular
- Other Implants
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